Delayed Gratification - sacrificing your immediate pleasure today for future

[Hewlet]

The stand has always been that you're either saving up today for a better tomorrow or you're eating it all up today without putting much consideration into what the future holds. Either way, what you choose to do or not to do today will certainly affect you in the future.

Keeping out a certain percentage of your income for future use is a necessity most expecially in an economy that's as unstable as what we've been witnessing these while. Regardless the urge you feel to spend even when you're earning real good, the ability to keep some for the future either in the form of savings or investment helps make the future much easier for you. You could spend it all at the present and still do well in the future but that's a very risky thing to do as someone that's financially wise. Every future oriented individual knows better that it's better to sacrifice the present joy for the future gains.

[G_Besar]

The stand has always been that you're either saving up today for a better tomorrow or you're eating it all up today without putting much consideration into what the future holds. Either way, what you choose to do or not to do today will certainly affect you in the future.

Keeping out a certain percentage of your income for future use is a necessity most expecially in an economy that's as unstable as what we've been witnessing these while. Regardless the urge you feel to spend even when you're earning real good, the ability to keep some for the future either in the form of savings or investment helps make the future much easier for you. You could spend it all at the present and still do well in the future but that's a very risky thing to do as someone that's financially wise. Every future oriented individual knows better that it's better to sacrifice the present joy for the future gains.

There is no reason not to do that because if we want a better life in the future then we have to think about it from the start.
Every desire that we want to achieve certainly requires sacrifice and what we do today for a better future is a form of sacrifice.
In fact, I don't think there is any sacrifice or dissatisfaction because we set aside from our income for the future because there is a goal that we want to achieve that makes us more motivated for it.

In this world I think the majority of people think so even though there are some who don't do it for certain reasons but personally I always think that for the future is something that must be fought for and it must be done no matter what.

[Stella Mese]

The stand has always been that you're either saving up today for a better tomorrow or you're eating it all up today without putting much consideration into what the future holds. Either way, what you choose to do or not to do today will certainly affect you in the future.

Keeping out a certain percentage of your income for future use is a necessity most expecially in an economy that's as unstable as what we've been witnessing these while. Regardless the urge you feel to spend even when you're earning real good, the ability to keep some for the future either in the form of savings or investment helps make the future much easier for you. You could spend it all at the present and still do well in the future but that's a very risky thing to do as someone that's financially wise. Every future oriented individual knows better that it's better to sacrifice the present joy for the future gains.

Yes, it is a good idea to always think about the future by postponing desires that could hinder or cause difficulties in the future. Of course, that is a thought that can be expected for a better future, by setting aside some of our money from our income, it is not a difficult matter by saving a little but routinely it will have a positive impact, especially when we need it, especially in the future.

[Astt12]

We are basically not health conscious. What we do and what we see has nothing to do with ourselves. Unhealthy food is tasty for us. We eat what is fun to eat. All kinds of unscrupulous food traders are profiting. For some public opinion like ours. We like fast food more. We eat less healthy food. Alcohol and caffeine are the only things we keep in our food list. Eliminating these things is good for us.
It is good for capital.

[JiiBs]

If you're one that have been doing this, I know that it's never easy, but I've got a few questions that could help some of us here, including me :

1. In what percentage of your income you set aside for investments and savings? and do you still manage to provide necessities without you or your family being deprived from living comfortably?
2. Do have regrets on the things you have missed because this portion of your money went to investment and savings?
3. How do you stay motivated? Especially when the market is down.
4. What are your advice(s) to those who wants to go full with investments?

Me, I honestly been slowing down on my travels, boys night out and impulse buying. I'm starting to convert them into long term investments and Imma tell you this, it's never easy lol  .

For me, it’s never been below 10% most times I do. Sometimes I even try to save even more due to other times that I missed but, I wouldn’t say it’s particularly based on that. There are months that you would have less expenses than others. In those months, you get the advantage of saving even more and these days, I do it mostly with Bitcoin as it forms a great part of my DCA strategy.

When it’s got to do with living comfortably, there isn’t any comfort when you are still building. You can’t eat your future simply because you can afford it at the time and risk the future that is never promised. No doubt you live a day at a time but then, you don’t have to be lavish about it.

Staying motivated simply means, looking up to those you feel ought to have retired but keep building new things by the day. Simply looking at them is the advice you need to never relent if you can keep up.

[r_victory]

Your effort depends a lot on what you want to achieve. Unfortunately, for most people, it is not possible to set aside a portion for investments or savings. But it is possible to analyze your expenses and eliminate everything that is superfluous. You spend a lot on things that do not help at all. You can change product brands, buy a cheaper one that is also of good quality. Likewise, you can subscribe to fewer streaming services, for example. I have friends who don't even know how many they subscribe to, and they hardly use them.

Live well, with less. Don't deprive yourself of many things, just waiting for the future, because perhaps the future may not come. Also, don't live as if there were no tomorrow. It is sad to grow old and depend financially on the government and others.

[harapan]

Honestly it's not as easy as it may seem, finding oneself sacrificing for the future cause yrs the sacrifices we make counts a whole lot, sometimes after making such decisions you may find yourself in sone unforseen circumstances that will make you think you made a wrong choice for sacrificing that bur regardless it goes a long way. It's just a matter of time.

[passwordnow]

Honestly it's not as easy as it may seem, finding oneself sacrificing for the future cause yrs the sacrifices we make counts a whole lot, sometimes after making such decisions you may find yourself in sone unforseen circumstances that will make you think you made a wrong choice for sacrificing that bur regardless it goes a long way. It's just a matter of time.

That is why we need to do actions based on our calculations. With the risk that we're taking, we need to take them with caution and understand what may happen afterwards. But if that risk we take is worth it, we'll be happy with the outcome of it. We don't have to dwell in the results for doing mistakes, we have to move on and delaying our gratification looks like a mistake for many if they cannot avail their things. In reality, this is a coarse of action that changes someone's life forever. So with sacrifice for just the short term gives the better impact of having a good life in the future and long term.

[Japinat]

Does early retirement guarantees financial independence? My point is, if you can still continue working on your daily job so you can earn and save more to finance your investment, would it be more a wise idea? Although it’s given already that we could somehow make some personal sacrifices and avoid too much spending in order to save quite a good amount, but retiring early could mean a different story, unless if there are secured and brighter opportunities that are waiting for you. That way, financial freedom and stability will be achieved faster.

[Uruhara]

At the moment I may not be able to set aside much of my income for long-term investments or for the future. But at least 10-20% is the amount that I have always set aside for the long term until now from every amount of my income. For now I have things that require payment. So my money is focused there and also other needs. Even though actually the money I'm channeling now is like 60%, it's actually also for building a business for my old age. It's just that it's in physical form. Meanwhile, for consumption and fulfilling all primary and secondary needs, maybe only 20%. The point is that I don't waste much on useless things. In fact, I rarely hang out and travel lately. Because I prefer to use it for the future development of me and my family. Just that me doing this doesn't mean I'm delaying my pleasure. because I am happy with the process I am currently undergoing.

[Ziskinberg]

Your effort depends a lot on what you want to achieve. Unfortunately, for most people, it is not possible to set aside a portion for investments or savings. But it is possible to analyze your expenses and eliminate everything that is superfluous. You spend a lot on things that do not help at all. You can change product brands, buy a cheaper one that is also of good quality. Likewise, you can subscribe to fewer streaming services, for example. I have friends who don't even know how many they subscribe to, and they hardly use them.

Live well, with less. Don't deprive yourself of many things, just waiting for the future, because perhaps the future may not come. Also, don't live as if there were no tomorrow. It is sad to grow old and depend financially on the government and others.

If you want a good life in the future, then live a meaningful life even today, because there is no certainty in life, if you don’t live well your present, you might not even witness your future. That is the sad reality, wherein a lot of people prefer to save by depriving theirselves to live a comfortable life at the present. This is very wrong, in the end when your mind and body do not receive those basic needs and fulfillment, you are putting them in danger in the future. You could even lose all your hard-earned money while treating your own mental, emotional and physical aspect of your life.

[Accardo]

That is why we need to do actions based on our calculations. With the risk that we're taking, we need to take them with caution and understand what may happen afterwards. But if that risk we take is worth it, we'll be happy with the outcome of it. We don't have to dwell in the results for doing mistakes, we have to move on and delaying our gratification looks like a mistake for many if they cannot avail their things. In reality, this is a coarse of action that changes someone's life forever. So with sacrifice for just the short term gives the better impact of having a good life in the future and long term.

There must be a gain for every effort we make in life, and with the right mindset more will be achieved. Psyching ourselves to behave and act the way we'd want could delay gravity, in the sense that, if we provide ourselves with resources that builds the mind, it'll help to change the life around us, because whatever information the brain receives, that's what it'll most perform better on. Hence, investing few coins on our mind could fetch us a pot of coin in a short while.

[uneng]

I have been "delaying gratification" since I started working online in 2015. The biggest part of the money I made (and still make) goes to investments and savings. I could have travelled, had a lot of fun, boasted fancy goods, but I prefered to focus on long term well being.

After all, I think it becomes a lifestyle, you get used to it. It's hard to get rid of these daily sacrifices when you have high goals. I don't know where I'm going to reach, how successful I'm going to be and how mentally healthy I will be in the end, but that is something many of us are doing in real time in the current era.

It's actually hard to compare this mindset to examples from previous generations, because it seems people weren't concerned about growing financially while doing this kind of sacrifice back then, with rare exceptions.

What I can say is to wish good luck to everyone who is on this journey...

[passwordnow]

That is why we need to do actions based on our calculations. With the risk that we're taking, we need to take them with caution and understand what may happen afterwards. But if that risk we take is worth it, we'll be happy with the outcome of it. We don't have to dwell in the results for doing mistakes, we have to move on and delaying our gratification looks like a mistake for many if they cannot avail their things. In reality, this is a coarse of action that changes someone's life forever. So with sacrifice for just the short term gives the better impact of having a good life in the future and long term.

There must be a gain for every effort we make in life, and with the right mindset more will be achieved. Psyching ourselves to behave and act the way we'd want could delay gravity, in the sense that, if we provide ourselves with resources that builds the mind, it'll help to change the life around us, because whatever information the brain receives, that's what it'll most perform better on. Hence, investing few coins on our mind could fetch us a pot of coin in a short while.

It's not a prerequisite that in every effort we do, there's a gain that we get. This is why many becomes disappointed even if they have exerted a lot of effort into their craft and even in investing because not everyone gets the success that we think of. But the practice is being built upon on a solid foundation with that experience and despite that these people still don't see the gain that they are expecting to come, it's still best for them to have some of those losses to have as a learning than to have nothing in return totally.

[Mate2237]

People should always think of their tomorrow and think of how to invest and secure their future than trying to make sure that they enjoy their life's today one thing that the younger generations has failed to learn is that there is time for everything so it's important that they set their priorities right by investing in their future through productive activities in their early stages of life.



Any youth that is only thinking about what he can get today by engaging in unnecessary enjoyment is surely going to regret his actions tomorrow, Bitcoin is one digital assets that youths should invest in in order for them to secure a better tomorrow because Bitcoin has become one investment that has shown alot of promises and hope

[peter0425]

Does early retirement guarantees financial independence?

Is the early retirement a conscious choice or out of necessity? Maybe not fit enough to do the job? It really depends as well.

If you decide to retire early, make sure that you will not come back out of retirement because you lost money. You need to make sure that you are ready enough.

My point is, if you can still continue working on your daily job so you can earn and save more to finance your investment, would it be more a wise idea?

If you have earned enough, why not retire early? This is a dream of many. Retiring early and just enjoying life while your investments grow and prosper without you having to actively work on it.

[Ishicryptic]

It all comes down to understanding financial management and knowing that we cannot be forever young meaning that at old age we cannot have the energy to work and make money. It is said that if you fail to plan you plan planned to fail, so making provisions for retirement is very important, if you are not rich to conveniently afford luxury lifestyles it is better to forgo it and use the money to plan for your retirement.

What will be your gain if you enjoy in your youthful age then live miserably when you get old and weak. It is good to enjoy when you are young but enjoy with wisdom, don't overdo it to the extent that you will not have anything for retirement. When you are taking care of your family and supporting friends always keep something aside for yourself, don't ever depend on somebody to help you or reciprocate your help to them, they might not have to give you or choose to ignore you so be wise and invest for your old age.

[Felicity_Tide]

What I can say is to wish good luck to everyone who is on this journey...

Massive respect to those who can look at themselves and still feel that there is more to be done. The world has really changed over the years, but still, there are so many people that don't see a need to start putting things in place for themselves at an early stage. Gone are those days when life begins from early 30's or whatever. The world is getting more industrious, and those who can truly find where they fit by sacrificing everything for the future, deserves to get a better ending.

At the end of the day, it still boils down to making money, but the true test is what one can genuinely offer. Investment options and skills everywhere. YouTube is literally there to help people prepare for that future that they dream of, but how many people can actually sacrifice 2-3 years in building that dream?, just few I guess.

I will join you to say, "good luck to everyone who is on this journey".

[slapper]

What I can say is to wish good luck to everyone who is on this journey...

Massive respect to those who can look at themselves and still feel that there is more to be done. The world has really changed over the years, but still, there are so many people that don't see a need to start putting things in place for themselves at an early stage. Gone are those days when life begins from early 30's or whatever. The world is getting more industrious, and those who can truly find where they fit by sacrificing everything for the future, deserves to get a better ending.

At the end of the day, it still boils down to making money, but the true test is what one can genuinely offer. Investment options and skills everywhere. YouTube is literally there to help people prepare for that future that they dream of, but how many people can actually sacrifice 2-3 years in building that dream?, just few I guess.

I will join you to say, "good luck to everyone who is on this journey".

It's always interesting to see how society convinces itself that now is the "real" age of industry, as if every generation has not felt the same urge to start sooner, run faster, and never stop. But what really has changed? Maybe it's not the hustle, but the way we measure and compare every bit of it in public. If you're not building something by 19, a voice in your brain appears and tell you that something is wrong with you

Having a lot of information doesn't inevitably lead to self-actualization. This is a case of cognitive overload. Paradox of choice, decision fatigue, a thousand options but very little guidance about how to choose what is actually right for you. People may watch as many "how-tos" on YouTube as they want, but most of them will just go from one trend to the next, looking for that invisible validation. For too long, we've confused sacrifice with wisdom and productivity with merit

At some point, you have to ask yourself what you have left if you stop using someone else's measure to judge your development. Is it truly about "deserving a better ending", or is it just about finding a place where you can be without always having to improve? Sure, everyone is on this road. But it's worth asking who made the map and if the place is even worth going to

[viljy]

There is a cardinal question about what is more important: to live now without looking at what will happen later or to sacrifice something now in order to enjoy life later. Both points of view have both advantages and disadvantages. If you live for your own pleasure without caring about your future, then at some point you can be left with nothing (without investing in the future). If you sacrifice your youth for the sake of a secure old age, you can lose something that will never come back for any money.

Soon we will witness a change in the world order, it is possible that all the savings of those who have invested all their lives will turn to dust along with pension funds. For generation Z, this will serve as another proof that it is necessary to live "here and now." They adhere to this principle, supporting it with the logic "if there is no chance of getting rich anyway, then why sacrifice something for an illusory future."

The thing is that fundamental social principles have changed. For the first time since the Second World War, now every next generation will live worse than the previous one. In fact, history has returned to its norm, that is, increasing inequality and concentration of wealth. Why is this the norm, and why is it abnormal to continuously improve life over three generations, starting with the boomers?

Because the phenomenon of the growth of the middle class was only a defense against the influence of communism. Therefore, the middle class was raised abnormally to 70% of society. Whereas its norm is no more than 10-15%. Now this huge number of people who will soon become poor are a problem for the rich. They will want to destroy these "new beggars" somehow so that they don't start a revolution. For example, the rich can arrange the next world war.